HHS compromise leaves questions for University

first_imgThe revised contraception mandate, which shifts responsibility for funding contraception from religiously affiliated institutions to insurance companies, will apply to self-insured employers like Notre Dame, Health and Human Services Secretary Kathleen Sebelius announced last week. However, Notre Dame professors say the Obama administration has not specified how this exemption would work for institutions like the University. “The problem is that, it’s not clear how this compromise is going to be handled for firms that self-insure, which are the majority of large firms,” economics professor William Evans said. Law professor Carter Snead called last week’s announcement a “vague, unenforceable promise.” “[The Obama administration] promised to try to ‘work it out’ for self-insurers,” Snead said. “No elaboration.” University Spokesman Dennis Brown said finding a solution for self-insured employers is among the “unresolved” issues University President Fr. John Jenkins and other religious leaders are working with the Obama administration to sort out. Evans said it would not be financially feasible for Notre Dame to buy health insurance from a provider as a way for the University to not directly fund contraception. “I think the costs would be prohibitive,” Evans said. “If it were a cost-efficient way to be providing health insurance, they’d be doing it right now and they’re not.” Evans said most large firms self-insure so risks are spread out among a large pool of employees. “It is a lot cheaper for them to be their own insurance company than to pay someone else,” he said. “You want a large risk pool. If you have some fairly high expenses, that’s going to be averaged out by people who have low expenses.” Brown said it would be “feasible, but very expensive” for Notre Dame to switch from self-insurance to an outside insurance company, adding this option was a “moot point” based on Sebelius’ announcement last week. Though the University is self-insured, Notre Dame works with Meritain Health, a third-party administrator that processes insurance claims and provides administrative services to the University. Donna Hofmeister, director of marketing for Meritain, said the company is “still evaluating” if and how the latest policy changes will affect Meritain. However, she said if the law requires Meritain to pay for contraception for Notre Dame employees, the company plans to do so. “We intend to fully comply with any obligations that result from this change,” she said. As it stands, Evans said the Obama administration has not figured out how to accommodate religiously affiliated employers that self-insure. “I have no idea what their path is going to be and how to get out of this box,” he said. “There is no easy solution to this.”last_img read more

5 famous finance quotes and how to apply them

first_img“Old men are always advising young men to save money. That is bad advice. Don’t save every nickel. Invest in yourself. I never saved a dollar until I was forty years old.”-Henry FordThe father of American automobiles knows a thing or two about how to be successful. Many agree that investing in yourself is the best investment you can make. Higher education, certifications or seeking out experience are some good examples. I assume that you don’t own a global, industry leading company though, so I wouldn’t forego the saving.“The four most expensive words in the English language are, ‘This time it’s different.’”-Sir John TempletonSir Templeton made his living as a financial investor. He was a pioneer of modern money making who seemed to adapt Einstein’s definition of insanity to finance. His message here is not just applicable to stocks, but also habits after recovering from debt, bad credit and even bankruptcy. Never do the same things with your money when in the past those result have been less than desirable.“A penny here, and a dollar there, placed at interest, goes on accumulating, and in this way the desired result is attained. It requires some training, perhaps, to accomplish this economy, but when once used to it, you will find there is more satisfaction in rational saving than in irrational spending.”-P. T. BarnumA business man, politician, author and one of the founders of the Barnum and Bailey Circus company, Phineas Taylor Barnum had a lot to say on money. Note that he also is quoted saying “there’s a sucker born every minute.” While his way of acquiring money may have been less than inspirational, no one can deny he knew how to save it. While getting yourself from the spending to saving mindset may be difficult, once you do it gets easier.“Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.”-Will SmithThe Fresh Prince himself provides an unfortunate social commentary on a large portion of our society. Never sacrifice your financial well-being to keep up with the Joneses. Buy things for youself, not for anyone else.Foul cankering rust the hidden treasure frets,
But gold that’s put to use more gold begets.-William ShakespeareI was a thespian in high school and for the most part loathed Shakespeare, but there were a few lines that have stuck with me. This line from Venus and Adonis is pretty powerful. Let me ‘translate’ it from Shakespearian for you. If you are to hold onto your money it will just rot away, of course gold doesn’t rust, but treasure that isn’t used is wasted. If you invest or lend it however, you will get a return. 96SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Tyler Atwell Web: www.cuinsight.com Detailslast_img read more

Sandro ruled out of Spurs tour

first_img A statement on the club’s official website, www.tottenhamhotspur.com, read: “Vlad Chiriches and Sandro have been withdrawn from the travelling party for the pre-season tour of the United States and Canada. “Romania defender Vlad has been complaining of stiffness in his lower back and is continuing to be assessed to determine the extent of the problem, while Sandro is recovering from a virus and has been kept behind on medical advice to avoid the risk of spreading the infection.” Last weekend, it was revealed striker Emmanuel Adebayor needed a short stay in hospital after suffering from malaria. Tottenham are also set to face Celtic in Helsinki before a final warm-up match against Schalke at White Hart Lane ahead of the new Barclays Premier League season opener at West Ham on August 16. Press Association Brazilian midfielder Sandro has been withdrawn from Tottenham’s squad for the pre-season tour of the United States and Canada because of a virus, the Barclays Premier League club confirmed. center_img Spurs have headed across the Atlantic for matches against Major League Soccer sides the Seattle Sounders, Toronto FC, where they should face former striker Jermain Defoe, and the Chicago Fire as new manager Mauricio Pochettino looks to assess the squad ahead of his first season at White Hart Lane. However, Sandro – who has been linked with a move away to Italian side Napoli and Russia’s Zenit St Petersburg – did not travel, while defender Vlad Chiriches will also remain in London for treatment on a back problem. last_img read more